all values are in lakh

question
Scheme A B C D E
Time 1 -1 -1 -1
Time 2 1.15 -1
Time 3 1.28 -1
Time 4 1.4 1.15 1.32

investments
Scheme A B C D E bank
Time 1 1.745924 4.347826 3.90625 0 10
Time 2 5 0 5
Time 3 5 0 5
Time 4

return in each year

Time 2 5 0
Time 3 5 0
Time 4 2.444293 5.75 6.6 0
interest in bank 6%
maximum investment in any scheme is 5 lakh

10
5
5
14.7942934783
 comp1 comp2
cu.prob price prob cu.prob price prob cu.prob
0 12 0.1 0 11 0.05 0
0.1 13 0.4 0.05 12 0.15 0.25
0.5 14 0.3 0.2 13 0.25 0.6
0.8 15 0.2 0.45 14 0.3 0.9
0.75 15 0.25

comp1 comp2 comp3 bid1 selected biprofit comp1

14 12 15 11.5 11.5 1 14
13 15 14 11.5 11.5 1 15
13 15 15 11.5 11.5 1 14
15 11 13 11.5 11 -0.5 12
13 12 14 11.5 11.5 1 14
15 15 14 11.5 11.5 1 15
15 12 13 11.5 11.5 1 15
14 14 13 11.5 11.5 1 13
14 14 15 11.5 11.5 1 12
14 15 14 11.5 11.5 1 13
14 15 14 11.5 11.5 1 13
15 13 14 11.5 11.5 1 15
14 12 14 11.5 11.5 1 15
14 14 13 11.5 11.5 1 12
13 11 14 11.5 11 -0.5 13
13 15 15 11.5 11.5 1 14
13 13 14 11.5 11.5 1 13
14 15 14 11.5 11.5 1 14
14 13 13 11.5 11.5 1 12
12 13 13 11.5 11.5 1 13
15 14 13 11.5 11.5 1 13
12 13 14 11.5 11.5 1 12
14 14 16 11.5 11.5 1 14
15 15 14 11.5 11.5 1 12
13 13 14 11.5 11.5 1 13
13 14 13 11.5 11.5 1 15
13 12 15 11.5 11.5 1 14
15 13 14 11.5 11.5 1 15
14 15 16 11.5 11.5 1 14
14 15 14 11.5 11.5 1 13
12 13 15 11.5 11.5 1 14
12 13 16 11.5 11.5 1 15
15 13 15 11.5 11.5 1 15
15 13 13 11.5 11.5 1 14
13 13 16 11.5 11.5 1 13
14 15 16 11.5 11.5 1 15
14 12 13 11.5 11.5 1 15
12 13 16 11.5 11.5 1 15
13 15 13 11.5 11.5 1 12
13 11 15 11.5 11 -0.5 15
13 13 15 11.5 11.5 1 13
13 15 16 11.5 11.5 1 15
13 13 13 11.5 11.5 1 12
15 11 14 11.5 11 -0.5 13
15 13 15 11.5 11.5 1 12
12 15 14 11.5 11.5 1 14
13 14 13 11.5 11.5 1 13
12 15 15 11.5 11.5 1 15
13 13 13 11.5 11.5 1 15
13 13 15 11.5 11.5 1 14
12 13 13 11.5 11.5 1 14
15 14 14 11.5 11.5 1 13
14 14 15 11.5 11.5 1 13
12 15 14 11.5 11.5 1 15
15 13 14 11.5 11.5 1 13
14 11 15 11.5 11 -0.5 14
15 15 13 11.5 11.5 1 15
14 15 15 11.5 11.5 1 14
13 14 14 11.5 11.5 1 13
13 14 16 11.5 11.5 1 12
12 13 13 11.5 11.5 1 13
15 15 13 11.5 11.5 1 15
14 15 14 11.5 11.5 1 13
14 14 13 11.5 11.5 1 13
15 13 14 11.5 11.5 1 13
14 15 13 11.5 11.5 1 15
13 13 14 11.5 11.5 1 14
14 11 15 11.5 11 -0.5 12
13 15 14 11.5 11.5 1 15
15 15 15 11.5 11.5 1 13
13 14 13 11.5 11.5 1 14
15 15 13 11.5 11.5 1 14
12 12 15 11.5 11.5 1 13
12 12 15 11.5 11.5 1 13
12 11 14 11.5 11 -0.5 13
15 15 14 11.5 11.5 1 12
14 12 14 11.5 11.5 1 15
15 13 14 11.5 11.5 1 13
15 14 14 11.5 11.5 1 13
15 11 15 11.5 11 -0.5 13
 15 15 14 11.5 11.5 1 13
14 12 14 11.5 11.5 1 13
13 12 15 11.5 11.5 1 14
13 15 15 11.5 11.5 1 13
14 15 13 11.5 11.5 1 12
13 12 13 11.5 11.5 1 14
14 15 13 11.5 11.5 1 15
14 14 15 11.5 11.5 1 13
14 12 13 11.5 11.5 1 13
13 13 15 11.5 11.5 1 13
14 15 15 11.5 11.5 1 14
13 15 14 11.5 11.5 1 13
13 13 14 11.5 11.5 1 14
13 15 15 11.5 11.5 1 14
14 13 16 11.5 11.5 1 13
13 12 15 11.5 11.5 1 13
15 12 13 11.5 11.5 1 14
14 13 16 11.5 11.5 1 15
14 14 14 11.5 11.5 1 13
15 14 14 11.5 11.5 1 15

expected value 13.68 13.5 14.2 11.5 11.46 0.88 13.61

11.5 12.5 13.5 14.5

expected profit 0.88 1.25 0.41 -0.41

i/p
o/p
 All figs in lakhs
comp3
price prob cost of contract 10
13 0.25 cost of prep 0.5
14 0.35 price to be quoted profit
15 0.3 11.5 1 1
16 0.1 12.5 1 2
13.5 1 3
14.5 1 4
comp2 comp3 bid2 selected biprofit comp1 comp2 comp3 bid3
15 15 12.5 12.5 2 14 15 13 13.5
11 14 12.5 11 -0.5 14 13 14 13.5
13 15 12.5 12.5 2 12 14 13 13.5
15 14 12.5 12 -0.5 15 14 14 13.5
11 13 12.5 11 -0.5 13 15 15 13.5
12 13 12.5 12 -0.5 15 13 14 13.5
12 15 12.5 12 -0.5 14 14 16 13.5
14 14 12.5 12.5 2 15 14 15 13.5
14 15 12.5 12 -0.5 15 14 14 13.5
13 15 12.5 12.5 2 15 14 14 13.5
14 16 12.5 12.5 2 12 14 13 13.5
14 13 12.5 12.5 2 13 14 14 13.5
14 13 12.5 12.5 2 13 14 16 13.5
15 13 12.5 12 -0.5 13 12 14 13.5
14 15 12.5 12.5 2 15 12 14 13.5
14 14 12.5 12.5 2 12 13 14 13.5
12 16 12.5 12 -0.5 13 14 15 13.5
13 15 12.5 12.5 2 15 13 15 13.5
15 15 12.5 12 -0.5 13 15 15 13.5
12 15 12.5 12 -0.5 14 14 15 13.5
15 13 12.5 12.5 2 12 14 15 13.5
12 13 12.5 12 -0.5 14 14 15 13.5
12 14 12.5 12 -0.5 13 13 16 13.5
14 14 12.5 12 -0.5 13 14 13 13.5
14 13 12.5 12.5 2 15 14 14 13.5
15 14 12.5 12.5 2 13 13 15 13.5
11 15 12.5 11 -0.5 13 15 13 13.5
12 14 12.5 12 -0.5 14 15 13 13.5
13 14 12.5 12.5 2 13 12 14 13.5
13 15 12.5 12.5 2 14 13 15 13.5
13 14 12.5 12.5 2 12 15 14 13.5
13 15 12.5 12.5 2 13 12 16 13.5
15 15 12.5 12.5 2 12 11 14 13.5
15 13 12.5 12.5 2 15 14 14 13.5
13 14 12.5 12.5 2 13 13 15 13.5
15 13 12.5 12.5 2 14 12 13 13.5
13 15 12.5 12.5 2 14 15 14 13.5
11 15 12.5 11 -0.5 13 14 14 13.5
12 13 12.5 12 -0.5 14 15 14 13.5
14 14 12.5 12.5 2 15 15 15 13.5
12 14 12.5 12 -0.5 12 13 13 13.5
12 15 12.5 12 -0.5 13 12 14 13.5
15 15 12.5 12 -0.5 13 11 14 13.5
14 15 12.5 12.5 2 15 15 14 13.5
15 16 12.5 12 -0.5 13 11 15 13.5
15 14 12.5 12.5 2 13 12 16 13.5
13 16 12.5 12.5 2 13 14 14 13.5
13 14 12.5 12.5 2 14 14 15 13.5
15 13 12.5 12.5 2 14 14 13 13.5
13 13 12.5 12.5 2 12 15 15 13.5
13 16 12.5 12.5 2 14 15 14 13.5
15 15 12.5 12.5 2 13 14 16 13.5
15 15 12.5 12.5 2 13 13 15 13.5
14 13 12.5 12.5 2 15 13 16 13.5
14 16 12.5 12.5 2 14 13 13 13.5
15 13 12.5 12.5 2 14 13 14 13.5
13 14 12.5 12.5 2 13 13 13 13.5
15 15 12.5 12.5 2 14 12 15 13.5
14 14 12.5 12.5 2 15 14 15 13.5
15 13 12.5 12 -0.5 13 13 14 13.5
15 16 12.5 12.5 2 15 14 15 13.5
14 14 12.5 12.5 2 13 14 13 13.5
15 13 12.5 12.5 2 14 15 15 13.5
14 15 12.5 12.5 2 13 13 14 13.5
14 14 12.5 12.5 2 13 12 13 13.5
13 13 12.5 12.5 2 13 14 15 13.5
15 15 12.5 12.5 2 15 14 16 13.5
15 16 12.5 12 -0.5 15 13 15 13.5
14 14 12.5 12.5 2 13 15 15 13.5
13 15 12.5 12.5 2 13 14 16 13.5
15 13 12.5 12.5 2 14 11 14 13.5
12 13 12.5 12 -0.5 15 13 15 13.5
13 15 12.5 12.5 2 15 14 15 13.5
15 13 12.5 12.5 2 12 13 14 13.5
14 14 12.5 12.5 2 13 15 15 13.5
15 15 12.5 12 -0.5 14 15 14 13.5
15 15 12.5 12.5 2 13 14 14 13.5
13 13 12.5 12.5 2 14 13 15 13.5
13 14 12.5 12.5 2 13 12 14 13.5
11 13 12.5 11 -0.5 13 13 13 13.5
 13 13 12.5 12.5 2 13 15 15 13.5
14 14 12.5 12.5 2 13 15 16 13.5
13 14 12.5 12.5 2 13 15 13 13.5
11 13 12.5 11 -0.5 15 15 15 13.5
14 13 12.5 12 -0.5 13 13 14 13.5
13 13 12.5 12.5 2 14 15 14 13.5
15 14 12.5 12.5 2 13 14 14 13.5
14 14 12.5 12.5 2 14 14 14 13.5
14 16 12.5 12.5 2 13 12 16 13.5
14 13 12.5 12.5 2 13 14 14 13.5
13 15 12.5 12.5 2 12 14 14 13.5
14 15 12.5 12.5 2 13 15 14 13.5
12 15 12.5 12 -0.5 15 14 13 13.5
15 14 12.5 12.5 2 13 15 14 13.5
15 13 12.5 12.5 2 13 15 14 13.5
11 15 12.5 11 -0.5 15 15 13 13.5
13 13 12.5 12.5 2 12 12 16 13.5
13 14 12.5 12.5 2 13 15 13 13.5
14 14 12.5 12.5 2 13 12 14 13.5
13 13 12.5 12.5 2 14 15 14 13.5

13.58 14.18 12.5 12.28 1.25 13.54 13.67 14.35 13.5

our bid
profit
selected biprofit comp1 comp2 comp3 bid4 selected biprofit
13.5 3 15 13 14 14.5 13 -0.5
13 -0.5 15 15 15 14.5 14.5 4
12 -0.5 13 15 15 14.5 13 -0.5
13.5 3 15 15 13 14.5 13 -0.5
13 -0.5 15 15 13 14.5 13 -0.5
13 -0.5 12 12 15 14.5 12 -0.5
13.5 3 14 14 14 14.5 14 -0.5
13.5 3 13 13 14 14.5 13 -0.5
13.5 3 13 13 16 14.5 13 -0.5
13.5 3 14 15 14 14.5 14 -0.5
12 -0.5 14 15 13 14.5 13 -0.5
13 -0.5 14 15 15 14.5 14 -0.5
13 -0.5 15 15 14 14.5 14 -0.5
12 -0.5 14 13 14 14.5 13 -0.5
12 -0.5 15 13 14 14.5 13 -0.5
12 -0.5 13 13 13 14.5 13 -0.5
13 -0.5 13 14 13 14.5 13 -0.5
13 -0.5 14 13 15 14.5 13 -0.5
13 -0.5 12 13 13 14.5 12 -0.5
13.5 3 13 14 14 14.5 13 -0.5
12 -0.5 13 13 13 14.5 13 -0.5
13.5 3 14 14 14 14.5 14 -0.5
13 -0.5 13 12 15 14.5 12 -0.5
13 -0.5 12 14 14 14.5 12 -0.5
13.5 3 14 15 16 14.5 14 -0.5
13 -0.5 14 14 15 14.5 14 -0.5
13 -0.5 14 14 14 14.5 14 -0.5
13 -0.5 13 12 14 14.5 12 -0.5
12 -0.5 13 14 14 14.5 13 -0.5
13 -0.5 13 14 16 14.5 13 -0.5
12 -0.5 12 14 13 14.5 12 -0.5
12 -0.5 14 13 14 14.5 13 -0.5
11 -0.5 12 15 15 14.5 12 -0.5
13.5 3 15 11 15 14.5 11 -0.5
13 -0.5 12 14 16 14.5 12 -0.5
 12 -0.5 14 15 15 14.5 14 -0.5
13.5 3 15 14 14 14.5 14 -0.5
13 -0.5 14 14 13 14.5 13 -0.5
13.5 3 14 15 15 14.5 14 -0.5
13.5 3 14 11 16 14.5 11 -0.5
12 -0.5 15 14 14 14.5 14 -0.5
12 -0.5 13 12 14 14.5 12 -0.5
11 -0.5 14 13 14 14.5 13 -0.5
13.5 3 14 14 13 14.5 13 -0.5
11 -0.5 14 15 15 14.5 14 -0.5
12 -0.5 12 15 16 14.5 12 -0.5
13 -0.5 13 11 14 14.5 11 -0.5
13.5 3 13 13 15 14.5 13 -0.5
13 -0.5 12 13 13 14.5 12 -0.5
12 -0.5 15 15 13 14.5 13 -0.5
13.5 3 12 14 14 14.5 12 -0.5
13 -0.5 15 13 15 14.5 13 -0.5
13 -0.5 13 13 14 14.5 13 -0.5
13 -0.5 13 11 15 14.5 11 -0.5
13 -0.5 13 15 14 14.5 13 -0.5
13 -0.5 15 15 13 14.5 13 -0.5
13 -0.5 15 15 14 14.5 14 -0.5
12 -0.5 13 14 14 14.5 13 -0.5
13.5 3 13 14 14 14.5 13 -0.5
13 -0.5 15 14 15 14.5 14 -0.5
13.5 3 13 14 13 14.5 13 -0.5
13 -0.5 14 11 15 14.5 11 -0.5
13.5 3 13 12 14 14.5 12 -0.5
13 -0.5 13 14 14 14.5 13 -0.5
12 -0.5 15 12 14 14.5 12 -0.5
13 -0.5 12 13 13 14.5 12 -0.5
13.5 3 14 13 13 14.5 13 -0.5
13 -0.5 14 13 13 14.5 13 -0.5
13 -0.5 13 15 14 14.5 13 -0.5
13 -0.5 14 12 13 14.5 12 -0.5
11 -0.5 12 15 14 14.5 12 -0.5
13 -0.5 13 15 15 14.5 13 -0.5
13.5 3 14 11 16 14.5 11 -0.5
12 -0.5 13 15 14 14.5 13 -0.5
13 -0.5 15 14 13 14.5 13 -0.5
13.5 3 12 12 14 14.5 12 -0.5
13 -0.5 13 12 13 14.5 12 -0.5
13 -0.5 15 13 13 14.5 13 -0.5
12 -0.5 15 15 15 14.5 14.5 4
13 -0.5 13 15 15 14.5 13 -0.5
 13 -0.5 14 14 15 14.5 14 -0.5
13 -0.5 13 15 14 14.5 13 -0.5
13 -0.5 13 12 16 14.5 12 -0.5
13.5 3 14 14 16 14.5 14 -0.5
13 -0.5 15 13 15 14.5 13 -0.5
13.5 3 13 14 14 14.5 13 -0.5
13 -0.5 13 11 14 14.5 11 -0.5
13.5 3 12 14 15 14.5 12 -0.5
12 -0.5 15 13 14 14.5 13 -0.5
13 -0.5 13 13 15 14.5 13 -0.5
12 -0.5 12 12 15 14.5 12 -0.5
13 -0.5 13 14 14 14.5 13 -0.5
13 -0.5 13 15 13 14.5 13 -0.5
13 -0.5 13 14 14 14.5 13 -0.5
13 -0.5 13 13 13 14.5 13 -0.5
13 -0.5 14 14 14 14.5 14 -0.5
12 -0.5 13 15 14 14.5 13 -0.5
13 -0.5 15 13 15 14.5 13 -0.5
12 -0.5 13 14 13 14.5 13 -0.5
13.5 3 14 12 14 14.5 12 -0.5

12.83 0.41 13.55 13.58 14.2 14.5 12.84 -0.41